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Several years ago the Jakob Company sold a $1,000 par value, noncallable bond that now has 15 years to maturity and a 6.00% annual

Several years ago the Jakob Company sold a $1,000 par value, noncallable bond that now has 15 years to maturity and a 6.00% annual coupon that is paid semiannually. The bond currently sells for $1100, and the company's tax rate is 30%. What is the component after-tax cost of debt for use in the WACC calculation?

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